5/1/18 The famous mantra of Bill Clinton’s 1992 presidential campaign was: “It’s the economy, stupid!” It was adopted to urge people to stay focused on the most important issue facing the country. We need that same kind of focus right now when it comes to the debate over the future of the U.S. Postal Service: It’s […]
08/11/2014 – USPS management is doing its best to keep the good news quiet, but facts are facts. According to reports released by the USPS on Aug. 11, as of June 30, three-quarters of the way through Fiscal Year 2014: Operating income was up by about $1 billion over the previous year; Revenue increased 2.1 […]
GAO: Action Needed to Address Unfunded Benefit Liabilities USPS continues to be in a serious financial crisis, with insufficient revenue to cover its expenses and financial obligations as the volume of USPS’s most profitable product, First-Class Mail, continues to decline. At the end of fiscal year 2013, USPS had about $100 billion in unfunded liabilities: […]